TMCnet News
Downgrade Alert for Syngenta (SYT)Jul 30, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Syngenta (NYSE:SYT) was downgraded from Hold to Sell at ING Group today. The stock closed yesterday at $69.73 on volume of 202,000 shares, below average daily volume of 256,000. In the past 52 weeks, shares of Syngenta have traded between a low of $49.13 and a high of $71.48 and closed yesterday at $69.73, which is 42% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has remained constant. Based on a current price of $69.73, Syngenta is currently 3.1% above its average consensus analyst price target of $67.56. The stock should find initial support at its 50-day moving average (MA) of $65.43 and further support at its 200-day MA of $63.52. Syngenta AG produces crop protection products and seeds. The Company produces herbicides, insecticides and fungicides, and seeds for field crops, vegetables, and flowers. SmarTrend is monitoring the recent change of momentum in Syngenta. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Syngenta in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |